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XIAOMI-W Opens 1.9% Lower This Morning; Auto Biz Records 1st Quarterly Profit, but Sector Competition May Intensify
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XIAOMI-W (01810.HK) opened 1.91% lower today, and shed 1.91% to $40. Trading volume was 12.6285 million shares, involving $509 million. XIAOMI-W announced its 3Q25 results for the period ended September 2025. Revenue reached RMB113.121 billion, up 22.3% YoY, topping the median forecast of RMB112.417 billion from 16 brokers surveyed by this website. Gross profit added 37.4% YoY to RMB25.936 billion. Net profit was RMB12.271 billion, up 129.3% YoY, exceeding the forecast of RMB8.939-10.941 billion from 9 brokers surveyed by this website. EPS equaled RMB0.47. On a non-IFRS basis, adjusted net profit for 3Q25 shot up by 80.9% YoY to RMB11.311 billion, a record high, and outperformed the forecast of RMB9.51-10.557 billion from 15 brokers surveyed by this website, with a median of RMB10.065 billion. XIAOMI-W delivered 108,800 new cars last quarter, a 33.8% YoY increase, setting a new record. Xiaomi Auto business recorded its first quarterly profit, with a profit of approx. RMB700 million. The target of 350,000 vehicles set at the beginning of the year is expected to be achieved within this week, XIAOMI-W's President, Lu Weibing, said. While the situation in 4Q25 is projected to remain stable, considering policy factors and potentially intensifying industry competition, the vehicle gross profit margin is anticipated to decline next year. AAStocks Financial News Website: www.aastocks.com |
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